ITC Hotels posted a solid Q4 in its first full year as a standalone company, and second quarterly report since the ITC demerger.
By the numbers:
- Profit: ₹207 crore, up 19% YoY
- Revenue: ₹1,043 crore, up 5.9% YoY
What’s happening: growth was modest this quarter, likely due to seasonal factors and a high base last year. Still, a nearly 20% profit jump in an off-season is a strong signal.
The company also approved a ₹328 crore investment to build a 200-room hotel in Visakhapatnam, fully funded through internal reserves and expected to open by 2029.
